Spanish competition watchdog probes FedEx, UPS, DHL, Royal Mail

Spain's competition watchdog said it was investigating logistics companies including United Parcel Service Inc, FedEx Corp, Deutsche Post's DHL Group and Britain's Royal Mail Plc for possible anti-competitive practices.

The investigation, which is looking into practices that include forging pacts to not poach each others' clients, could last 18 months and end in fines, the National Commission Markets and Competition (CNMC) said in a statement on Friday.